Gujarat Toolroom Limited has submitted a clarification to the Bombay Stock Exchange regarding the delayed disclosure of its Company Secretary and Compliance Officer's resignation. The company provided its response on April 13, 2026, addressing BSE's query about non-compliance with mandatory disclosure timelines under SEBI regulations.

Regulatory Compliance Issue

The clarification relates to a corporate announcement submitted by the company on March 25, 2026, regarding the resignation of its Company Secretary and Compliance Officer. The BSE had raised concerns about the company's failure to inform the exchange within the stipulated 24-hour timeline from the effective date of resignation, as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Explanation

Gujarat Toolroom attributed the delay to unavoidable administrative and internal procedural constraints. The company explained that additional time was required for processing the formal resignation communication before its submission to the exchange. The management emphasized that the delay was purely inadvertent and clarified that there was no intention to withhold any material information from stakeholders.

Remedial Measures

The company has outlined its commitment to regulatory compliance and timely disclosures. Gujarat Toolroom stated that necessary measures have been implemented to strengthen internal processes and ensure such delays do not recur in the future. The company reaffirmed its dedication to ensuring accurate and timely disclosures in compliance with SEBI regulations.

Management Response

The clarification was signed by Mr. Arunkumar Udaybhai Dave, Managing Director of Gujarat Toolroom Limited. The company requested the exchange to take the clarification on record, demonstrating its proactive approach to addressing regulatory concerns and maintaining transparency with market participants.

Gujarat toolroom Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Kirti Suri, effective March 13, 2026. The company informed the Bombay Stock Exchange about this key managerial personnel change through a formal communication dated March 25, 2026.

Resignation Details

Ms. Kirti Suri, holding membership number ACS 77051, served as the Company Secretary, Compliance Officer, and Key Managerial Personnel of Gujarat Toolroom Limited. Her resignation was submitted on March 13, 2026, citing an opportunity with another organization as the reason for her departure.

Regulatory Compliance

The company has fulfilled its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by providing timely intimation to the stock exchange. The formal communication was signed by Mr. Arunkumar Udaybhai Dave, Managing Director (DIN: 11169192), ensuring proper authorization and compliance with regulatory requirements.

Transition Process

In her resignation letter, Ms. Suri expressed gratitude for the opportunities provided during her tenure and indicated her willingness to assist during the transition period. She requested the company to complete necessary formalities including filings with the Registrar of Companies and stock exchanges in accordance with statutory and regulatory requirements. Ms. Suri mentioned joining her new organization on April 01, 2026, and requested relief from her current duties at the earliest convenience.